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2013 and earlier-Mercedes-Benz CLS-Class Lease Questions
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Car_man
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Car_man
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What would you consider a good lease on a CLS 550 4Matic 2013 with a dealer price (6% off MSRP) of $77450? I'm considering a 36 month 12K lease, and have excellent credit rating (720+)
Thanks in advance
seattletwins
Just to add, based on one of your previous posts, I would prefer a zero cap reduction which I will have to negotiate with the dealer.
Looking forward to your answers!
Car_man
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Good luck in your negotiations.
Car_man
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Tring to buy a new 2013 CLS550 4 dr Coupe. Offer is $74,513.00 (MSRP is $82,795.00), 7.5 k miles/year, $5,000 down, 36 months, payment is $966.56 plus tax.
Residual is $49,261.
They have indicated they wont budge on the money factor and allowed me to walk out of the showroom. What is your opinion?
Thanks!!
CLS is having a huge markdowns right now. I was able to get a great deal on it just yesterday.
*to Car_man.
What are the fees that I should consider when buying this (or any other car) in state of CA ? I want to check if I pushed the manager too hard on the deal.
Thanks
I don't have a problem with your selling price, but the dealer is definitely marking up your money factor. If you have the time to shop around, see if you can find a dealer that will use the buy rate to calculate your payment.
Car_man
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Car_man
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Your thoughts please. Thank you for you help.
KLK
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2013 CLS63 with 15,000 miles per year are .00205 and 55% for consumers who qualify for its top credit tier. This car's money factor is not very attractive because Mercedes is not providing any lease support on this model at this time.
Car_man
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The residual value for a 36-month lease of a 2013 CLS550 with 12,000 miles per year is 57%. It's 1% higher for leases with 10,000 miles per year.
I don't know specifically what the market is like for this car in your area, but I can tell you that Mercedes has $3,000 "Spring Event" certificates out there on it. Try to get the dealer to use one on your deal.
Car_man
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Can you please provide me with the residual value and money factor for a 2013 CLS550 and 15,000 annual miles? It would be great if you can also let me know the current incentives and hold backs for this car... Thank you.
When negotiating your deal on this car, try to get the dealer to use one of the $3,000 Spring Event certificates that are out there on it.
Car_man
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For a lease with 12,000 miles per year, add 2% to the residual values. For 10,000 miles per year, add 3%.
Car_man
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The numbers for the 2014 model are .00205 and 57%.
Car_man
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